i closed my long from my previous idea which i published a few days ago and turned to short because it just hit the pre FTX highs which is not really justified as the situation on bitcoin is pretty much unchanged, people have no trust on exchanges. Of course as i said on previous idea you can make more money shorting Ethereum or Solana
Last month it manged to get past the 200 moving average but not this time, the CPI was a disappoinment as most expected a lower data, debt is increasing considerably and with a recession coming it will be extremly hard to pay it back.... aniway short from 397 to 375
Bitcoin showing strength in charts in the short term my price target is 18500, of course you can be long with other top altcoins like Ethereum until bitcoin reaches his target
I am a huge bull on gold mid and long term but i think short term it will get hurt from hitting the 1900 wall and start a free fall back to 1500
I expect the Euro run vs the Dollar to be nearly finished at about 1.080 it will hit epic resistance and will go back to 1 dollar = 1 euro by the end of 2023, because the FED can be more hawkish compared to the BCE as the US economy is much stronger than EU
I bought BOIL at 12 and will sell 45% at 15, 40% at 18, the remaining 15% at 24. Natural gas charts are clearly screaming for a bounce and fundamentals are still strong as a big natural gas chunks are burned everyday by Russia and therefore taken out of the market, Russia is building infrastructure to deliver the gas to China but that will take years to build. ...
Looking to buy at 100 hopefully today ... this is a key level because i remember back in august 2020 all the craziness started about TESLA becoming the Apple of cars but yet charts are pretty clear at 100 there will be a big bounce for sure until 120 maybe even 140, but in the bear market better to be safe than sorry so i will get my 20% gain at 120. Midterm more...
Fed wants asset prices to stay down. Economy still strong and there could be a 75 hike or some event from the war or china, credit suisse or whatever .... i really can't tell what the black swan will be because they are are extremely good at coming with a surprise ....yet the charts rule everything and by the end of January we must be back to pre covid highs at 340